- Few countries have digitalised their bonds. The race continues between regulating digital currency and stepping into the new world of order. Though various institutions have converted their bonds into digital assets, such as the World Bank for Reconstruction and Development and Commonwealth Bank of Australia, and the European Investment Bank, the most prominent one is EI Salvador. Various other nations are digitalising their capital at a slow pace.
- Although RBI has launched the CBDC project, the concern of safety stays. Indian market has already been facing trouble in cyber security, and an increase in digital currency increases the risk of cyber attacks.
- The use of digital currency requires people to have proper knowledge of it. Without creating mass awareness about digital currency, it will be a great challenge to use it.
- To use digital currency, a person needs to share some of his details and information, which is sensitive and can be misused if not taken care of. Digitalisation is undoubtedly bringing a boom in the economy, but a user needs to understand thoroughly about it before taking a step into this market. Proper knowledge and experience are required, along with the confidence to take risks.
